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January 13, 2014

US/UK: Hain Celestial acquires Tilda rice business

US natural and organic food group Hain Celestial has struck a deal to acquire premium Basmati rice manufacturer Tilda Ltd.

US natural and organic food group Hain Celestial has acquired premium Basmati rice manufacturer Tilda Ltd.

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The company owns the Tilda, Akash Basmati and Abu Shmagh brands and operates in over 40 countries, principally the UK, Middle East, North America, Europe and India.

During 2013, Tilda generated net sales of about US$190m. The acquisition is expected to add US$0.06-0.10 per share to Hain’s EPS in the back half of its fiscal, the company said. 

“We are very excited by the strategic acquisition of Tilda, which expands our worldwide better-for-you product portfolio into the premium Basmati rice category along with other specialty rice products. We plan to grow the Tilda brand further using our existing solid distribution platform in the United States, Canada and Europe with Basmati and ready-to-heat rice product offerings,” said Irwin Simon, Hain Celestial founder and CEO.

The financial details of the transaction were not disclosed.

Click here for just-food’s analysis of the deal.

Related Companies

Free Whitepaper
img

What is the impact of historically high inflation on the UK consumer landscape?

The average UK consumer is experiencing a severe cost-of living crisis as inflation surges to a forty-year high and the price of goods continues to rise. This shock is the result of the sharply increasing costs of commodities, energy, and the ongoing conflict in Ukraine, and is threatening FMCG manufacturers, retailers, and foodservice operators’ ability to survive and grow. Inflation will have a profound effect on many consumer-facing industries in 2022 and beyond. Consult GlobalData’s new whitepaper, Inflation in the UK: The Impact of Historically High Inflation on the UK Consumer Landscape, to better understand shifts in consumer behavior and their impact on spending patterns, as well as the implications for UK businesses. This whitepaper covers:  
  • Why has global inflation returned with a vengeance?
  • What is the current inflation situation in the UK?
  • What impact is inflation having on UK retail sales?
  • What tactics are businesses relying on to tackle the effects of high inflation?
  • How are consumers changing their behaviors to cope with the higher cost of living?
  • Which industry sectors are most vulnerable to reduced consumer demand?
  • How is the government responding to high inflation?
  • How long will high inflation last in the UK?
  • How can your company survive and thrive in a high inflation environment?
Enter your details here to receive your free whitepaper and ready your business for these increasingly uncertain times.
by GD50 Custom
Enter your details here to receive your free Whitepaper.

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